The Global Metal Fiber Market is expected to exhibit a strong 8.1% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The Global Metal Fiber Market is thoroughly analyzed in the report, including an analysis of the market’s leading drivers and restraints, the key macro- and microeconomic factors affecting the market, the leading players operating in the Global Metal Fiber Market, and more. A comprehensive review of the Global Metal Fiber Market’s historical growth trajectory is provided in the report. This forms the basis for the detailed forecasts about the market’s likely growth prospects in the coming years.
Metal Fiber is shavings of metal that are used as filler and structural material in various end-use industries. Metal Fibers are usually in the thickness range of 1 to 100 microns, above which width they can officially be called as metal filaments. Metal fibers are highly popular in a number of manufacturing industries where increasing the structural strength of the manufacturing material is the objective, as embedding metal fiber in other substances, such as plastics, makes the hybrid substance stronger and more durable. The automotive industry’s growth in recent years has been a major driver for the global metal fiber market, as the automotive industry accounts for a major share in the overall consumption of metal fibers. The growing demand for composite manufacturing in the automotive industry is likely to be a major driver for the Global Metal Fiber Market over the forecast period. The growing demand for lightweight vehicles is likely to be a key trend accelerating the demand for composite materials and is thus likely to be a key driver for the Global Metal Fiber Market over the forecast period.
Metal Fibers are also widely used in filtration applications, as they provide high durability and cleanability, which are valued properties in filtration devices. The growing demand for effective filtration devices in the industrial sector is likely to be a major driver for the Metal Fiber Market.
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Competitive Analysis:
Leading players in the Global Metal Fiber Market include Fujikura Europe Ltd., Hunan Haitong New Materials Co. Ltd., American Metal Fibers Inc., Green Steel Group, Fibre Technology Ltd., Freudenberg Group, Addas Group, Sarda Industrial Enterprises, Stanford Advanced Materials, Interstate Specialty Products, Dexmet Corporation, Magnetic Shield Corporation, Carlisle Companies Inc., Hollingsworth & Vose Company, and Bekaert.
Segmentation:
The Global Metal Fiber Market is segmented based on Type, Application, Technology, End Use and Region.
By Type, the Global Metal Fiber Market is segmented into nickel, aluminum, copper, iron, silver, and others. Aluminum holds the largest share in the global metal fiber market due to its light weight, high thermal resistance, and high electrical conductivity.
By Application, the Global Metal Fiber Market is segmented into filtration, ESD/EMI protection, hot glass manipulation, heating, and others.
By Technology, the Global Metal Fiber Market is segmented into bundle drawing, foil shaving, melt spinning, and machining. Bundle drawing is the most widely used process and thus holds the largest share in the Global Metal Fiber Market.
By End Use, the Global Metal Fiber Market is segmented into automotive, textiles, plastic, glass, and others. The textile industry holds the largest share in the Global Metal Fiber Market.
Regional Analysis:
North America holds the largest share in the Global Metal Fiber Market, followed by Europe and Asia Pacific. The North America market for Metal Fibers is mainly driven by the growing demand for heat-resistant work clothing, upholstery, and carpets and other textile applications. The demand for heat resistance textiles is likely to be a key feature of the textiles sector in the coming years, leading to a growing demand from the Metal Fiber Market. Metal fibers are also widely used to produce heat resistant components for the automotive industry. This is also likely to be a major driver for the Global Metal Fiber Market. The growing industrialization in Asia Pacific is also likely to be a major driver for the market.
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